USD/JPY gaining on yesterday’s business

FXStreet (Guatemala) - USD/JPY is trading at 101.71, up 0.14% on the day, having posted a daily high at 101.75 and low at 101.45.

USD/JPY is still trading within a multi‐month range and we now await the FOMC minutes. Analysts at TD Securities said, “We know the Fed and Yellen are nevertheless gaining confidence in moving toward both inflation and employment objectives. This will be reflected in the tone of these minutes. If past is prologue then the recent price action since Friday suggests Treasuries are vulnerable today. In each of the past 6 FOMC Minute releases the 10yr yield has moved higher, by an average of 4bps. 5yr yields have outperformed over these same dates, rising by an average of 2 bps”.